Most listings are in the $50's per square foot per year. The South Coast Metro region is experiencing a an increase in rates. In the last 3 months, the median rate went up $51 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the South Coast Metro region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 87% of the office spaces in the South Coast Metro are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,920 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 12 stories. Most buildings in this market were built in 1984 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst South Coast Metro occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.